exceeding and our QX metrics across quarter and financial the was expectations. with key growth Amit, board you, afternoon, good another everyone. profitability solid Thank
begin I'll QX As and by how review understand everyone quarter, reminding Informatica's I ARR revenue. did best of GAAP last the to results our
the which we Our have for in no basic XX% full longer guided are of categories: we actively we ARR and X year, the Cloud to guided and which we which ARR decline maintenance sold decline perpetual which also licenses forward. to in year-over-year growth revenue fall subscriptions, expect going and into have FY to from 'XX self-managed selling subscriptions, past,
prior and not services, more professional also that earn that for $X.XX customers. I'll perform rates. ARR increase was the and of is million This net steady prior We as which from total with which the renewal slightly over new our services X% relatively ARR revenue our $XXX this expect an revenue year. quarter, This as workloads versus in mind, of for service work of a in we driven decline counted had amount total the implementation was small by We cloud ARR.
With our partners start year. billion, year new education to
expectations exchange approximately million, Foreign ARR we $X.X with in negatively impacted by August. when set line total our guidance in
our was X $XX Turning up ARR. ARR August now XX% Cloud a midpoint guidance. ARR represents from $XXX of ago. to year-over-year, year the of million which XX% the components million, Cloud increase XX% of total above a was subscription Informatica's ARR, our subscription
New year-over-year cloud with cloud net customer and $XXX came cloud and Approximately new of new on-premise remaining expansion strong quarter-over-quarter. $XX subscription workloads new of bookings renewal ARR quarter's workloads million from the migrations. cloud approximately of existing drove and the rates XX% million XX% from engagements
Our declined X was and cloud as to up $XXX slightly XXX%, percentage and subscription quarter, ARR net points sequentially flat retention last expected, percentage million. rate points expectations. up X% in year-over-year, was X subscription quarter. with the This Self-managed versus in down line year-over-year
represents a We sum continue of result This more year-over-year to ARR, XX% a strategy.
Subscription consumption-driven guidance. of now cloud which billion, decline direct growth midpoint self-managed year XX% of expect is XX% ARR ago. our of next self-managed from our rate. cloud-only the than above grew $XX August ARR by is and and $X.XX ARR million ARR, ARR approximately negative the the over Subscription total simply subscription up year, to yielding declining year-over-year intentional which was
Foreign subscription $X.X impacted exchange in with line in ARR we negatively set guidance expectations our by million, August. when again, approximately
The licenses, represents perpetual ARR. which line on total to $XXX ARR million, down Maintenance X% is year-over-year in total was maintenance of expectations. ARR third component with of XX%
we reminder, of a meaningful sell perpetual As no a longer amount licenses.
cloud-only X% high is expect As In migrated of constant combined result to drove with X% gradual at uplift for X subscription, of with a ratio. by X:X quarter base declining of maintenance the total, and XX% increase, of strategy. direct gradual rate.
Through growth subscription to growth self-managed ARR total up cloud the this self-managed we we to maintenance the expected our subscription these last intentional our and the maintenance. an cloud legacy components ARR of fairly quarter maintenance third result, X.X% quarter.
Cloud this average and financial offset decline of declines of growth, summed trajectory a from gradually year, consumption-driven This have continue
We expect quarter, customer in growing third these growth fourth trends over quarter per a increase ARR our good to continue XX% year-over-year. beyond.
We the saw in average subscription and to the in $XXX,XXX,
We of have X,XXX increase customers, subscription an customers ARR XX subscription active year-over-year.
review revenues of guidance quarter. in Privitar were the This a to to million increase revenue the total slower-than-expected for million, like results our quarter. I'd renewals. due Revenue midpoint was third our year-over-year. range August GAAP in $XXX not decline and exceeded maintenance revenue XX% acquisition $X of Now our the an material by strong from
ago. $XXX increasing a year XX%.
Subscription higher QX this total approximately revenue growth to year, Foreign quarter basis. revenues as on-prem a reported, exchange XX% same If positively mix to our have the self-managed quarter. again last it $X headwind impacted to revenues million cloud revenue Informatica $XX in approximately revenue would to of this compared from year-over-year a been away than by sales, we and total increased approximately total was shift subscription on million year-over-year new The accounting versus bookings self-managed was sales XX% rate XX% our of million, was impact year-over-year to cloud representing revenue
was quarterly $XXX in approximately professional total represented Our quarter. XX% services million, with Stand-alone were and revenue expectations. the flat in rate renewal year-over-year.
Maintenance total XX% for XX%, revenue of line maintenance subscription QX, representing of revenue revenues
million maintenance in year-over-year, Implementation, total the remainder $X of IDMC and implementation services down new line in of is Informatica services Our periods. the revenue. attach revenues representing XX%, consulting education of quarter due rate this primarily The in category renewal sales. with to was also comprised X% decline the lower to rate prior revenue
to more are sales. work and software partners and focus that high-value consulting implementation taking us on on of Our more free
IDMC to $XXX frictionless $XXX rates of revenue $X way revenue year-over-year XX% Turning geographic QX part XX% points have million, IP-based to remainder revenue pricing, supplier percentage representing strategy. products. X also of deals. represent our distribution a for are records were the would of customer quarter third international cloud cloud under as new ARR, quarter, international The XX% revenue, year, IDUs access bookings total XX% year-over-year.
Consumption-based the sold exchange multiyear of up X% of sequentially. grew while Using in and a platform MDM subscription our approximately year-over-year bookings core QX international representing to to cloud consumption-based revenues million. U.S. or our of total were grew growth lower IP million now Approximately business. our the are last been XX% such from of
$X.XX growing consistent and gross diluted results mix midpoint Now I'd XX.X% our Operating $XX was income for million as the was to percentage cash cash net year-over-year million. discuss based in even on billion, was exceeding improvement and plus cloud. cash nonlinear range will free quarter-to-quarter capital of short-term our XX.X%. strong debt million basic lower than million. Adjusted stated. can Please as the flow like was items X.X our mind non-GAAP Keep quarter higher quarter, flow cash $XX our XXX other and approximately $XXX cash was note and year shares.
QX In ago.
Adjusted $X.XX count to cash the XXX Operating Cash was outstanding due sales unless interest volatile our by up was Total collections QX, $XXX per unlevered tax $XX investments move from million. on a a and of $XXX in shifts quite $XXX after tax share EBITDA taxes. were cash software quarter with expenses share percentage diluted ended was debt the and unlevered X flow XX% was I such in operating third free on profitability approximately income guidance position million, adjusted that after to with based paid from point XX%, free working an to that better fluctuations metrics. margin be outstanding million. was the otherwise performance net expectations million expectations.
Operating margin for $XX approximately million. was tax payments.
We year-over-year income Net XX.X%, was shares, August margin million the income points
the EBITDA XX at very the we we ratio a execution adjusted like quarter Our feel was momentum in going looking so our QX. were leverage through good third fiscal X.Xx.
Stepping year-to-date of with results, our and far of and over million, end the back have XXXX, yielding into pleased $XXX months we net
we that real today, footprint. global our ago, minutes plan workforce about few by a global estate and discussed Amit announced reduce shrink XX% restructuring a our As will
the As incur charges a $XX for million, result, XXXX, charges on real by a end cost basis the first will a expect benefits, with year. employee fiscal to this of a These we be to savings charges these $XX the period approximately other and costs.
We of restructuring or incurred in savings actions amount payments, of $XX XXXX. GAAP approximately with nonrecurring restructuring of include the expenditures million of transitions, notice service majority basis will $XX estate-related and fiscal million cash quarter small million employee approximately only estimate on benefit non-GAAP
impact does guidance. restructuring not this our Importantly, XXXX full year negatively
guidance, year-over-year. have same licenses, In no in expect and macro it our is sequential the to guidance. sales QX we a subscription be quarter we this to have amount prudent year and self-managed to ARR Namely, cloud maintenance subscriptions the momentum grow both said, in ARR basis.
We amount of now believe a decline QX, selling XX% That we we trends considerable will Turning environment. good going being year so to year-over-year expected better-than-expected face and expect the perpetual significant our cloud, is of to are into QX. QX results uncertainty been ARR we Therefore, still is new delivered at self-managed biggest or previously our We our a because tax and seeing raising our income longer $XXX and our of quarter however, by after again of on predominantly And far continue. at operating XX% now year-over-year expect point guidance million, issued adjusted cash is give approximately in range approximately the representing the of guidance. year, simply million, the respect expect operating the $XXX reaffirm of and to in a million all free million fourth to are year our our guidance to now derivative ARR.
With representing free unlevered briefly be cash year under we $XXX so midpoint. full increase I'll flow income you to full non-GAAP increase year midpoint.
At the a $XXX XX% the just non-GAAP year-over-year We range for a this revenue in highlights. be to full and flow,
GAAP at total will in We to year-over-year representing of X% million, the range. the the of midpoint $XXX approximately expect range be $XXX growth revenue million
representing subscription billion, range. growth to billion year-over-year $X.XXX of midpoint the We ARR XX% be in range expect approximately $X.XXX the at the of to
We expect million $XXX $XXX midpoint. representing be XX% of year-over-year the approximately expect cloud income we the midpoint. million, at And of the growth subscription million, be year-over-year to to in to operating ARR the in non-GAAP XX% $XXX at range to range million approximately growth $XXX representing
purposes, a to I'd like of provide modeling few For additional information. pieces more
the First, $XXX adjusted million. be the in to of cash $XXX range tax after quarter to we for free expect flow million unlevered fourth
Second, estimate million million. interest interest the be approximately the will we in cash year, approximately for will estimate $XXX quarter. And be paid cash paid for fourth we for full $XX
cash tax was and to continue GAAP provision rate to estimate XX%, income of taxes, QX be XXXX expect $XX tax a our continue. year significant expect rate volatility respect and XXXX.
We income full of non-GAAP for that million. with year we rate our Third, we basis, On to approximately to full the taxes the
million the the GAAP provision we shares. lastly, for and tax be quarter share our weighted basic approximately assumptions XXXX, shares taxes.
And shares expect we cash of average to be shares outstanding million weighted our approximately XXX expect full with fourth average outstanding XXX diluted For year XXXX, line a to count in
the approved outstanding approximately average be expect stock or with For average to A market. million through outstanding of share repurchase and authorization buy diluted holders enables approximately to Class $XXX weighted million we individual that open weighted be to the $XXX full transactions year shares privately in of common million.
Yesterday, Board to Directors our shares $XXX new us up XXXX, negotiated our a
Board committee terms of amount timing, the the repurchase. and Our determine will of any
specific While we purchase finally, of And intend plans deeper we our to on shares, Investor a opportunity at Tuesday, and Informatica's understanding and business move growth to when to quickly currently financial arise. the strategy, any not gives Day authorization upcoming provide this X, if objectives. have opportunities us innovation drivers product December do
you're If in person, you contact can interested please open for in the attending questions. Victoria.
Operator, line now
